Technicolor India, a leading visual effects (VFX) and animation studio, has announced the closure of its operations in Bengaluru and Mumbai, affecting 3,200 employees. The decision is part of a global shutdown by its parent company, Technicolor Group, headquartered in Paris.This sudden move has left thousands of employees in distress, particularly in Bengaluru, where nearly 3,000 professionals were employed. The closure marks a significant blow to India's VFX and animation industry, which

As an 18-year-old Harvard freshman, Bill Gates had multiple job offers from major tech companies like General Electric, Digital Equipment Corporation (DEC), and Honeywell. While these offers boosted his confidence, Gates acknowledges that accepting any of them could have altered the course of his life—potentially delaying or even preventing the creation of Microsoft, which is now a $3 trillion tech giant.Gates details this pivotal phase of his life in his new memoir, Source Code, publis

Amazon has officially surpassed Walmart in quarterly revenue for the first time, marking a historic shift in the retail landscape. For over a decade, Walmart has consistently led the industry in revenue generation, but Amazon’s rapid expansion in eCommerce, cloud computing, and advertising has propelled it to the top. During the fourth quarter, Amazon reported a staggering $187.8 billion in revenue, surpassing Walmart’s $180.5 billion. While Wal

In February 2025, US President Donald Trump’s announcement of a 30-day pause on tariffs against Mexico and Canada brought a brief sense of relief to global markets. The decision helped prevent a potential escalation of a full-blown trade war, with US equity futures and international markets responding positively. However, concerns linger about the long-term effects of tariffs on industries such as automotive, semiconductor, consumer goods, e-commerce, and green energy.  

India's government is investigating rising steel imports, particularly in two categories of flat-rolled steel products (HS 7208 and 7210), which account for over 75% of the surge in imports. Instead of implementing global safeguards, experts suggest that India should focus on Free Trade Agreement (FTA)-specific safeguards and measures targeting China. Many imports come duty-free under FTAs with coun

Tesla CEO Elon Musk recently responded to a discussion about foreign-born tech workers in the U.S., defending their contribution to the industry. The conversation began when Amjad Masad, CEO of Replit, questioned whether foreign workers were truly displacing qualified Americans in the tech sector. Masad pointed out the large number of unfilled tech jobs, expressing skepticism about claims that foreign workers were taking opportunities from native-born Americans. Musk, who is origina

In 2024, the wedding industry in India has seen a resurgence in spending after the lull caused by the pandemic, with metropolitan cities driving a significant increase in demand for wedding services. Wedding budgets have grown by 6.7%, with the average expenditure reaching Rs 35.6 lakh. As wedding costs rise, so has the demand for gold and jewelry, especially due to the soaring prices of gold, which have increased from Rs 63,500 to Rs 80,000 per 10 grams. Destination weddings, which

Australia is introducing new rules to compel large tech companies, including Google, Meta, and TikTok, to pay local publishers for news content. These companies, whose annual Australian revenue exceeds $250 million, will need to negotiate commercial deals with media organizations or face increased taxes. This move builds on the world-first law passed in 2021, which forced tech giants like Meta and Google to pay for news content shared on their platforms. The new rules aim to pressur

In his victory speech after the 2024 US presidential election, Donald Trump showered praise on SpaceX CEO and X (formerly Twitter) boss Elon Musk, calling him an "amazing guy" and a "super genius." Trump highlighted how Musk's Starlink satellite internet service had been a lifesaver in the aftermath of Hurricane Helene, illustrating its potential to provide reliable internet connectivity to the remotest areas of the globe. This endorsement has sparked a renew

Telangana's IT and Municipal Administration Minister K.T. Rama Rao (KTR) engaged with citizens during his popular #AskKTR Twitter session, where he answered a variety of questions, providing insights into the state’s political landscape and the IT sector. Among the inquiries, one Twitter user raised concerns about the potential threat Amaravati might pose to Hyderabad and other Tier-II cities in the IT sector, referencing former Chief Minister Chandrababu Naidu’s ambitions and

IndiGo, the flagship carrier of InterGlobe Aviation Ltd., is facing significant operational challenges as over 70 aircraft remain grounded for the fourth consecutive quarter. This situation has severely impacted the airline's financial health, with maintenance expenses soaring to Rs 2,745 crore in the September quarter—an increase of nearly 30% compared to the previous year. According to Mark Martin, founder and CEO of Martin Consulting, the grounding of Pratt & Whitne

MSTC Ltd. has officially signed a share purchase agreement with Konoike Transport Co. Ltd. for the strategic disinvestment of Ferro Scrap Nigam Ltd. (FSNL), marking a significant milestone in the privatization process. This agreement comes after the Indian government approved the sale to the Japanese corporation for Rs 320 crore, exceeding the reserve price of Rs 262 crore set by the government based on valuation assessments. The announcement was made by the Secretary of the Departm

The Tata Group is making significant strides into the semiconductor industry, as Chairman N Chandrasekaran announced plans to establish new manufacturing facilities in various locations across India, including Assam and Ozhur in Kerala. Chandrasekaran emphasized the group’s commitment to building a robust semiconductor ecosystem in the country. The main facility, a semiconductor fabrication plant (Fab), is under construction in Dholera, Gujarat. This state-of-the-art facility

Kumari Aunty, known for serving delicious home-cooked food at affordable prices on the streets of Hi-Tech City, has garnered immense popularity across the Telugu states. Her culinary skills and warm demeanor have made her a favorite among locals. However, her business faced a setback when the Cyberabad police shut it down on one occasion. Fortunately, CM Revanth Reddy stepped in, directing officials to allow her to continue serving her community. On Wednesday, Kumari Aunty finally h

At a recent event hosted by the Kshatriya Seva Samiti, Telangana Chief Minister Revanth Reddy lauded Pan-India star Prabhas for his significant contribution to globalizing Telugu cinema. Revanth Reddy specifically highlighted Prabhas's role in the monumental success of Baahubali, stating, “Prabhas, who did Baahubali, brought recognition to Telugu cinema. We cannot imagine the character without Prabhas.” His remarks underscore the profound impact Prabhas has had not on